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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: aerosappy who wrote (76581)	12/20/2006 8:07:14 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206212

Mr. aerosappy/David, BPZ Energy (BPZI) -- First of all don't call me Mr., it sounds too goddam formal! Second of all, if you are even just slightly troubled by a 10% drawdown in your position, you should seriously consider blowing out your BPZ position immediately and never again consider any stock that I am touting. Where I tread, you gotta be willing and able to ride the roller coaster. The selloff in the stock that started at Monday's open was more than likely related to the SEC's declaration of effectiveness of the company's latest S-1 Registration Statement, which was posted on Edgar that morning. This one was for about 1.5 M shares and 2.8 M options, most all of which had been issued to former owners and consultants for the company that BPZ had merged into in order to become a publicly held entity. Its not a tremendous surprise that these guys want out at this time. The options have a $2 strike price, so if they exercise any of them at least BPZ gets some more much-needed moolah to play with. This morning's news of them getting the IFC equity financing was huge, and should provide ample opportunity for the rest of the overhang of cheap stock to get soaked up by the market. Also, 900 feet of prospective pay is absolutely mind-boggling. Here in the US if you find 90 feet of pay in an offshore well the band starts playing! I bet the guys charged with analyzing the logs in this well had a lot of fun with it. I'm pretty sure that Amex has accepted the company's application and they are just trying to work out a switchover plan. I wonder whether they decided to hold off until January just because of the massive trading volume that is likely to be occurring the rest of this month. One would think, from a systems perspective, that it would not be too prudent to do the switchover in a week where there is huge volume in the stock.